Speaking on CNBC, Kenneth Leon of CFRA Research said he has a Strong Buy rating on Bank of America Corp (NYSE: BAC) and a Buy rating for Morgan Stanley (NYSE: MS) and JPMorgan Chase & Co.(NYSE: JPM). Bank Of America has a trajectory of improvement, both on the top line and on the cost side, said Leon. He added that the efficiency ratios are looking really good for the bank. Leon thinks the key issues for the banking sector are the Volcker Rule, tax reform, Fed interest rates and client confidence. He believes earnings results for the banks were good. Morgan Stanley showed its strategy is working and Goldman Sachs Group Inc (NYSE: GS) had a really good September. SourceBAC: Stochastics are entering overbought territory, so the price will go down to the lower edge of the rising wedge and will try to break it out. $BAC, Bank of America Corporation / D MS: Thre price will continue to move inside the rising channel. $MS, Morgan Stanley / D JPM: Stochastics are entering overbought territory, so the price will go down to the lower edge of the rising wedge and will try to break it out. $JPM, JP Morgan Chase & Co. / D GS: The upside potential seem to be limited. The price is ready to break out the rising wedge. $GS, Goldman Sachs Group, Inc. (The) / D